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50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe

By Michael Snyder, on June 2nd, 2010

Most Americans know that the U.S. economy is in bad shape, but what most Americans don’t know is how truly desperate the financial situation of the United States really is. The truth is that what we are experiencing is not simply a “downturn” or a “recession”. What we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen. Our greed and our debt are literally eating our economy alive. Total government, corporate and personal debt has now reached 360 percent of GDP, which is far higher than it ever reached during the Great Depression era. We have nearly totally dismantled our once colossal manufacturing base, we have shipped millions upon millions of middle class jobs overseas, we have lived far beyond our means for decades and we have created the biggest debt bubble in the history of the world. A great day of financial reckoning is fast approaching, and the vast majority of Americans are totally oblivious.

But the truth is that you cannot defy the financial laws of the universe forever. What goes up must come down. The borrower is the servant of the lender. Cutting corners always catches up with you in the end.

Sometimes it takes cold, hard numbers for many of us to fully realize the situation that we are facing.

So, the following are 50 very revealing statistics about the U.S. economy that are almost too crazy to believe….

#34) According to RealtyTrac, foreclosure filings were reported on 367,056 properties in March 2010, an increase of nearly 19 percent from February, an increase of nearly 8 percent from March 2009 and the highest monthly total since RealtyTrac began issuing its report in January 2005.

#31) The Mortgage Bankers Association recently announced that more than 10 percent of all U.S. homeowners with a mortgage had missed at least one payment during the January to March time period. That was a record high and up from 9.1 percent a year ago.

#23) To make up for a projected 2010 budget shortfall of $280 million, Detroit issued $250 million of 20-year municipal notes in March. The bond issuance followed on the heels of a warning from Detroit officials that if its financial state didn’t improve, it could be forced to declare bankruptcy.

#16) U.S. government-provided benefits (including Social Security, unemployment insurance, food stamps and other programs) rose to a record high during the first three months of 2010.

#15) 39.68 million Americans are now on food stamps, which represents a new all-time record. But things look like they are going to get even worse. The U.S. Department of Agriculture is forecasting that enrollment in the food stamp program will exceed 43 million Americans in 2011.

#13) U.S. law enforcement authorities claim that there are now over 1 million members of criminal gangs inside the country. These 1 million gang members are responsible for up to 80% of the crimes committed in the United States each year.

#12) The U.S. health care system was already facing a shortage of approximately 150,000 doctors in the next decade or so, but thanks to the health care “reform” bill passed by Congress, that number could swell by several hundred thousand more.

#4) According to a new report based on U.S. Census Bureau data, only 26 percent of American teens between the ages of 16 and 19 had jobs in late 2009 which represents a record low since statistics began to be kept back in 1948.

#1) According to the Tax Foundation’s Microsimulation Model, to erase the 2010 U.S. budget deficit, the U.S. Congress would have to multiply each tax rate by 2.4. Thus, the 10 percent rate would be 24 percent, the 15 percent rate would be 36 percent, and the 35 percent rate would have to be 85 percent.

This has been planned for America since before our founding – it is all part of our role to bring in the Antichrist. However, since Revelation 18 states that we will still be prosperous at the time we are destroyed by God’s judgment, we will continue for a time to have a semblance of prosperity. God is not taken by surprise at these events and if you are a believer in the Lord Jesus Christ and have committed your life to him, you have nothing to fear. Good people suffer and if you think that because you are a Christian you are immune from suffering you have to assume that Paul, Steven, Peter, etc. were unsaved! Get ready for more upheaval and realize that we are on this earth for a short time. Eternity is long so don’t spend it in the wrong place.

Ryan

This is a very interesting read.

Brain

Wonderful examples of Man’s greed and lack of care for one another. It’s just a shame crazy religious people like Greg who believe in fantastical fairy tales thousands of years old, attribute our situation to the devil (why not Santa Claus?) instead of realizing that it is totally Man created. Just one of many reasons why it seems impossible to help the situation. Wake up Greg, and please do us all a favor, never run for any public office or any position where you make decisions for other people. For the rest of you, If you don’t have all the money for something you want, you can’t afford it! Stop destroying our Dollar! Irresponsible profiteering with no moral substance must be regulated, and involvement in local, state, federal gov. is recommended. (except you Greg) Finally, how can we still be allowing big business to buy politicians with campaign contributions? You think these politicians don’t naturally feel a sense of “Thank You” to these companies who just gave them millions of dollars? Who are they then looking out for? How much did you give?

molten

Thank you guys for your job and quality articles.

http://www.mschaut.wordpress.com Margaret

We are rapidly running out of the wealth and resources to turn this around or to stop our political leaders from actively destroying us. If these things don’t change pronto, we’ll be another Haiti.

Thanks for an excellent article- an eye popping one.

Holy Cannoli

A very interesting and sobering article.

But, Sir Paul McCartney recently said that Obamao is doing “a great job” so we should leave him along and need not worry. Evidently unprecedented Government spending of money that is not there, expansion of government, more and greater entitlements, more gov. intrusion into the affairs of private companies must be part of the “great job” Paul was referring to. Here’s a plan, Paul. After he’s done screwing up the States with his Marxist redistributionist policies, maybe Obamao will spend some time in the UK and take your money and screw up your country as well, Paul.

Rock Stars….they know everything.

Rachel Dilly

Brain:

You are a prideful person. Very little of what you typed has anything to do with the above article. Most of what you typed is just trying to tell other people they are stupid and you are smart. But just reading what you typed wasted about 30 seconds of my life. Stay out of people’s religion. Its none of your business and you know very little about it.

Pied Piper

This is what the GODLESS LEFT has done to the U.S..

You will not find anyone more GREEDY, SELF ABSORBED and SELF SERVING than the LEFT. Look at Obama. He more than doubled his income to more than 5 million dollars … yet HE will tell YOU, that YOU make too much. BTW, WHO in his cabinet even BOTHERS TO PAY THEIR TAXES or OBEY our laws. What Obama is doing is finishing off our economy with his godless, corrupt, hypocritical thug, marxist mentality. Obama HATES America. It’s CLEAR in his policies. HE HATES individualism so he must destroy that and rely on the feeling driven COLLECTIVISM.

Tom

Brian:

Nice to know we have intolerant atheists like you who hate Christians to contribute to the moral collapse of our country as well.

Don

Brain: I agree with Rachel, and I think you are an angry person. But to attack Greg’s belief in God by calling it a fairy tale is wrong-headed, in that of all ancient texts, the Bible is the most documented by contemporaneous writings. Greg was not saying that these times are not man-made, just not unanticipated by God. Man’s actions of greed and evil behavior cause suffering on those not responsible, e.g., the poor suffer disproportionately from the effects of corporate degredation of the environment. However, I agree with your assessment that we all need to live within our means; that is true conservative behavior that seems to have lost its way.

NJ Fincl Guy

Do not lose faith! All is not lost. Bad, very bad — but not lost. Remember the malaise of the Carter years? We won’t turn this battleship around on a dime, but if the feds will just get the hell out of the way we might actually stand a fighting chance before my grandchildren retire. There is phenomenal potential of our people when they are set free from the oppression of tyrants.

charles

God has finally left America, please learn to suffer like those of us with a lot of the global resources in Africa but still referred to as poor, welcome to the club of poor people

Greg

Charles – I am not so sure God was ever in America. I grew up firmly believing that this nation was God’s gift to God and that our blessings were due to our godliness. Although it was extremely difficult to accept, I now believe that America was made prosperous to fulfill Satan’s plan, similar to the rock and film stars that Satan turns into millionaires so that they can pollute people’s minds and morals. This nation is so desperately wicked and it is sad that we have been presented to the world as a “Christian” nation. I ask God to forgive me for the sins of this nation and for what we have done to the world.

Stricken

@Rachel Dilly

Stay out of other peoples business? That’s ironic seeing as Greg jumped straight in there to preach the word of the lord, when really this was an article about american debt. Don’t assume that clutching onto ancient beliefs will keep you safe. We’ve all gotta work hard if the world falls apart just to survive. I’d advise you to take action now, go all survivalist.

lwt

Excellent article.

And BTW, thanks for saying what needed to be said, Brain. It seems as though it is nearly impossible to have a serious discussion on any matter without some one finding it necessary to spout totally unrelated Biblical nonsense.

Susie

All is not lost. If enough of us pray, God will turn things around. You just have to have faith.

Dave

Wow.

American’s are not ‘special’ or ‘chosen’ by any particular deity for any reason whatsoever. Believing that we are special because of some divine influence is self-delusion at the very highest level. This is now the 4th article today that I have read that attracts comments of a religious nature, despite having NOTHING to do with religion. Religious rhetoric is the very opposite of intelligent conversation. The opiate of the masses indeed.

Also, talking about the corruption and greed of the ‘godless left’ is beyond farcical. How many bankers are leftist? How many Goldman employees are leftist?

Matthew 6.5
“And when you pray, do not be like the hypocrites, for they love to pray standing in the synagogues and on the street corners to be seen by men.”

What happened to being good and right in your own heart?

Nick

IMPEACH OBAMA NOW! How can we continue to let these so called public servants destroy our country? Everytime obama signs a bill for the spending of non-existent money, IT IS A CRIME! If we were to run around writing checks for ridiculous amounts, knowing damn well that the funds aren’t available, it would be a criminal act, surely a felony at this magnitude.

barney

Brian were you born an asshole or did you have to work at it to achieve this level of assholieness? Just wondering why your twisted little mind felt the need to go on the attack like that. But I kind of know why, we both know you would never speak like that to a grown man, even though you have wished you could for a long time. Did mommy not love you enough? or maybe Daddy did to much, you should seek help, believe what you want but to attack someone like that shows you are lacking at least two things.

Greg

There is NOTHING that has NOTHING to do with religion! God is in control and he has told us what is going to happen in these last days. Of course we must live right and we will all be held accountable for our own actions. However, to rail against the greedy thieves such as the bankers and stock manipulators who have stolen so much from the American people and then not address the immorality of this entire nation is blind reasoning. It is akin to putting poison into our food and then railing about our high medical costs to deal with the sickness that we brought upon ourselves from the poison. Expecting any positives while this nation continues to be the epitome of wickedness is preposterous.

What every person must ask themselves is this: is the fact that the Bible has been and is now being fulfilled in every aspect the result of people just doing things to make it appear to be true, or is it true? It tells us what will happen when we live immorally, e.g. the demise of our economy, and it also tells us how events will unfold in the last days – and they are unfolding rapidly in our daily news!

On another note – if you wish to see something quite interesting about how recent events were planned, type in the words “illuminati card game” into a search engine and look at how the Pentagon, Twin Towers, banking crisis, world contamination from an oil spill and many other events were all known and planned years ago.

Summary – this is a spiritual battle and those of you who see it as anything different are blind.

Greg

America’s morality and goodness were lost when Christians bowed to the pressure of the ungodly and agreed to not talk about religion and politics. All that did was to give the wicked full reign to preach their religion of humanism, heathenism, rebellion, witchcraft, moral relativism, etc. in our schools, media, courts, etc. It also removed all accountability from our politicians. Now what we see is the heathens going ballistic when one of us decides that the rules they instilled are not in our best interest. I won’t be silent because every disaster we are facing is directly related to the immorality that swept in when the Christian influence was swept out. The fact that so many hate God does not mean that God is not the answer to all of our problems. However, I do not expect this nation to turn to God, therefore we will continue to see the downward spiral. Count on it!

joe shmoe

Anyone remember George W. Bush and Alan Greenspan???

Dorothy

Wake up, all of you. Petty squabbling over religion as the world falls apart? What this article demonstrates is that we are not living in normal times. The financial problems are not going to be solved by new elections, more (or less) regulation, or any other past means. The U.S.is going down, in the same way that the U.S. government brought down so many other countries’ economies. People will continue to lose their jobs and savings; many will starve or be shot to death. For a better understanding of how the U.S. ruined other countries between 1950 and now, read Naomi Kline’s excellent book: The Shock Doctrine. For a better understanding of how “peak oil and beyond” will look, I recommend Michael Rupert’s book: Crossing the Rubicon (the beginning and ending chapters).

kathy

Like Dave, I think it is very interesting that so many of the comments immediately see the facts in this article as evidence of judgment on our society. Well, that is the extent of my agreement with Dave. I agree that is a matter of judgment, but some not predetermined cosmic smite pulled out of Scripture in amateurish prooftexting by someone who cannot spell St. Stephen. As Brain (Brian?) said, we bring judgment on ourselves with our own greed. The article shows that there is an ever increasing gap between the rich and the poor with a diminishing middle class that can buy and maintain real estate, responsibly manage credit, save for retirement and college costs, and pay bills on time. That is why the states have a growing shortfall in tax receipts–the middle class carried the tax burden in this nation. But I suppose it is easier to blame the Almighty or the liberals or political leaders for this calamity than admit that one’s own irresponsible spending habits may have contributed. Of course it does not help that in killing millions of unborn babies since the 1970s, that we probably killed future entrepreneurs, taxpayers, political leaders, and maybe even the economic geniuses that could get us out of this mess. How is that for judgment?

End of the Age

Interesting statistics. Now we have to think about how to extricate ourselves from this mess instead of giving way to despair or fatalism. First, we need to become less selfish and more concerned about our neighbors (in a good way). I think the economic problems will help with that. Second, we need to get local. Start local co-ops that offer locally produced goods and services. Institute a barter system to facilitate the exchange of necessary products & services. Don’t worry about the government — it will rpobably collapse from it’s own internal corruption. Prevail on local municipal zoning gurus to loosen the zoning code to allow urban and suburban agriculture within city limits, allow people to raise small livestock and grow crops in vacant lots, etc. Third, we need to relearn the lessons of the past — frugality, hard work, and determination will help solve many problems. Local concerned citizens should meet in small groups and explore various local solutions that could be employed within their communities to assist those in need while benefitting the general community. Let’s roll up our sleeves and get working on this. There will always be evil people who are greedy and selfish, whether they are rich or poor. Meanwhile, don’t despair. It is better to light one candle than to curse the darkness.

http://libertas.ws David Singhiser

All the more reason not to trust or expect the government to get us out of this miss. It’s the cause. We must learn to depend on ourselves to get through this and remain free.

BoomLover

Of everything I read here, I most agree with “End of the Age”. Those are workable, local solutions, something that we, as a community can do, or at least start working on, right now. These are workable, and can be expanded on, by putting the suggestions of “LWT”, and think of going survivalist, at least for our local communities, if not on a individual basis. This isn’t scare tactics, folks, just extending common sense to the next level.

http://www.solemn.com John Todd

I really does not matter what happens or what is happening. What matters is what you think and do about it.

The super collider in Europe will prove that as individuals, we make up a part of the whole. Do not think you have no power.

Thoughts create matter, and with the 11 or more dimensions (whatever the number, it is certainly more than we perceive) we are creating worlds, energies and dynamics in other universes.

We exist in God’s imagination. Reflect God as much as you can.

Kerry

Greg – June 3rd, 2010 at 2:41 am

Well stated my brother! While I do believe we should prepare and be ready to help out others a even higher calling is to spread the Good Word.

My wife and I are going to put some new testaments along with bottles of water, tooth brush, paste some energy bars and baby wipes in bags and give to those who are at the street corners asking for money. While they may try to sell them for drugs are booze perhaps they will just open and read The Word.

It isn’t much but hopefully it will help out a little. I personally am amazed the USA even still exists seeing how we have degenerated so far into the tank of secular humanism. All will be made right though, that is for certain.

Mark

There is only one way out.

Stop buying from Asia ! Free markets with Asia is killing us, Free markets with Europe/Canada is/was not. The problems is Asia has too many people willing to work for 25 cents per hour.

In the end $200+ Peak oil prices will have to safe us, because goods will be too expensive to be shipped from Asia, and we will have to make them ourselves.

Yes, they will be more expensive, but not as expensive as what they will be with uncontrollable hyperinflation. AND … we keep our jobs and money close to home, just like in the old days.

Be very friendly with Canada. They are your only hope for reliable oil during the next 20 years. After that you will have to rely on Geothermo energy. Potterdrilling.com is developping 10km+ deep drilling technology which makes geothermo energy available to any places in the world. Geothermo energy is without a doubt the only reliable alternative energy source. It is always there, and will always be there, … as long as you can make deep enough holes (10km+) and enough water to pump it in to create steam.

Enjoy !

Jon

Bringing judgment on ourselves because of our own greed is a symptom, not the cause. The cause is loss of belief in something higher than ourselves, exactly as Greg has stated. You merely prove his point, Kathy.

Noah

Wow. The majority of this article refers to things that were already set in motion years before the current administration and ignored by all following, on both sides. Not only that, most of the problems are exacerbated by the greed and drive of corporations and the desire to increase profits while decreasing both quality and overhead costs. Things get cheap because corners are cut, people are laid-off, and work is outsourced. We complain about jobs moving over seas and low quality merchandise but continue to demand that the business models of corporations continue down their current path by the nature of our spending habits and greed. You reap what you sow everyone. Quit pointing fingures and realize we, the collective we, as in America, ultimatly created our own demise. There is no easy solution. Thanks.

Lance

Bigots mocking followers of Christ proves his teachings. John 15:18 “If the world hate you, ye know that it hated me before it hated you.”

All will come to pass as each will answer to him whether they are believers, or not. You may be brave and boastful now, but when facing the moment of death, terror will overwhelm.

God does not care about the nation, he cares about each and every one of you. I pray for your soul.

scoo

I hope evryone that is reading this article also knows there are no accidents

Mike

Greg, God bless you. Brian, enjoy your freedom while you have it. This will NOT be fixed. Watch for the crazy religious to call for a return to God. That DOES NOT mean everyone that believes in God. There will be religious laws passed, claiming its the ONLY way to save our country. Then you, (me, greg, brian, etc) will no longer have the prescious right to choose our own way. Dont have to belive it. Watch. Listen. Look at these comments. Its happening already.

Robert Douglas

Brian, just hush up and chose a Church. When the Theocracy that Greg and Rachael Dilly eagerly await inevitably arrives it will be in a hideous blood bath for the unaffiliated. Wrap your self in the Flag, clutch your Cross to your breast and try not to be noticed.

http://www.dumpdc.com Russell D. Longcore

This sounds like 50 reasons for secession.

Friends, quit trying to change Washington. Quit calling for Obama’s impeachment or some other idiot move. The best thing to do to solve ALL the problems coming out of Washington is to LEAVE. Wish them well and say goodbye. Don’t you realize that NONE of Washington’s problems follow a state that secedes from the union? No debt, no regulations, no confiscatory taxation, no stupid laws.

Do you think that wealthy people will allow the current administration to take 70% to 80% of their riches? I don’t think so. They can live anywhere they wish to so goodbye tax dollars when the big move starts. What does D.C do when all the money goes to the beaches and islands of the world. Life is short no matter what the age is now,so the rich are not stupid enough to become what they consider poor at the hands of the Government.They are loyal to the U.S. but to them their wallet comes first. New York already got a taste of the exodus,it could get much bigger if the agenda does not shift quickly.

Tom

To all the Christian know-it-all’s in here: NEWSFLASH – We are living in the “Age of Grace” (Thank Jesus Christ for that). None of the events mentioned here are “God’s Judgment”.

If you actually READ the Bible, Revelation goes into great detail about the judgment process. We clearly are not there now.

The events of the world are as it has always been; sin has consequences. Always was that way, always will be. (read:Solomon)

People tend to make themselves look crazy when they try to connect day-to-day events with God’s judgment. Plain. Retarded. Thinking. (PRT)

Use your free time to read The Book rather than creating the illusion Christians are nut cases by spouting your misguided, ego filled diatribes.

This concludes the interruption and now back to the regularly scheduled program.

kage

Matthew 24 and 25 read..before ya spout,and do NOT be troubled

David

There is no god! There are capitalists, like those on Wall Street, and BP; and their victims. These greedy capitalists are responsible for the economic collapse and the accelerating destruction of the environment. Obama, Congress, and the 14,000 lobbyists working for the capitalists, are all in bed with the capitalists. (Herbert Hoover said the business of government is business,)

It’s ironical that when all of us humans are gone, the environment and the other animals (and plants) will thrive.

Greg

Tom – you crack me up! You start off saying that we are in the age of grace and there are no consequences to sin and then talk about the consequences of sin. And you supposedly believe in the Bible and use it so eloquently, then state that God has no intervention in our daily affairs. You are obviously a graduate of our public school system. I’m baffled by your accusation that we (I?) have not read the Bible and then see your complete Biblical illiteracy. I’ve read it at least 20 times and listen to it continuously in my car but somehow have missed the inverted logic that you have found, oh PRT-Y one!

If America is not being judged for our sins then everything in the Bible is questionable, at best. This nation is the epitome of wickedness and God does punish the wicked. We are beyond grace in this nation.

Roy

This is really really bad! This is really really bad! Looks like roast rat for Christmas!

Melanie

To Tom and all the “Christians” out there. WHY do American “Christians” think that we are immune to tribulation when the rest of the world isn’t??? Why do we think that God will rapture US out of here before things get bad when Christians are persecuted and killed EVERY DAY in other countries. WHY ARE AMERICAN CHRISTIANS SO ARROGANT that they think God loves them more? WHY, WHY, WHY? Show me – in the Word – where it says that and I’ll understand. Until then – you do the Kingdom a dis-service in your arrogance…

David – there IS a God and Jesus came to Earth, died on a cross, rose again and died in payment for your sins. Salvation is a FREE gift, offered to all through believe in Him. If you reject it – that is your rightful choice. If I’m wrong and there isn’t a God – I have nothing to loose. If you are wrong – you have EVERYTHING to loose.

Norm

The ship is sinking and the rats have already filled the lifeboats. We are bumping up against natural resource and energy limits to growth, and societal complexity that overwhelms, driving people to meaningless diversions like professional sports, NASCAR and the mindlessness of most of the print and broadcast media. Medieval belief systems promulgated by the religious industry further remove the public from dealing with developing realities.

One of our recent “leaders” said that the American life style is non-negotiable. That was a profound display of hubris and ignorance. We do not get to negotiate the depletion of cheap energy sources, or the severe limits of renewable or nuclear energy to replace them.

Lots of societal changes are awaiting in the near future and most of them will be neither fun nor convenient. Good luck to us all.

Harvey the Rabbit

Greg–please take your bipolar meds.

latitude38

after reading the great article 50 stats too-crazy to- believe. i continued and read the comments which with all due respects are too-crazy to- believe. so having said that ill quote howard beale who had it right along back in 1976. quote” ‘I’M AS MAD AS HELL, AND I’M NOT GOING TO TAKE THIS ANYMORE!’ I want you to get up right now, sit up, go to your windows, open them and stick your head out and yell – ‘I’m as mad as hell and I’m not going to take this anymore!’ Things have got to change. But first, you’ve gotta get mad!… You’ve got to say, ‘I’m as mad as hell, and I’m not going to take this anymore!’ Then we’ll figure out what to do about the depression and the inflation and the oil crisis. But first get up out of your chairs, open the window, stick your head out, and yell”

Ann

TO ALL BORN-AGAIN BELIEVERS: THE LORD GAVE US THE ANSWER …..
II CHRONICLES 7:14. IF MY PEOPLE, WHICH ARE CALLED BY MY NAME, SHALL HUMBLE THEMSELVES, AND PRAY, AND SEEK MY FACE, AND TURN FROM THEIR WICKED WAYS; THEN WILL I HEAR FROM HEAVEN, AND WILL FORGIVE THEIR SIN, AND WILL HEAL THEIR LAND.

OUR GOD IS NOT DEAD, HE’S STILL ON THE THRONE. THERE IS NOTHING DONE ON THIS EARTH THAT HE DOES NOT ALLOW TO HAPPEN, EVEN THE NEXT BREATH YOU TAKE. OUR PRAYER AS CHRISTIANS HAS TO BE: GOD, FORGIVE US FOR OUR SINS AND TURNING AWAY FROM YOUR TEACHINGS. HAVE “MERCY” ON US.

http://www.wealthandwant.com/ LVTfan (google it!)

I wonder how many of these problems would improve significantly if we were to adopt the simple, just reform which Henry George recommended in “Progress and Poverty.”

My guess is that most of them would get better, some rather quickly.

I commend his “Progress and Poverty” and “Social Problems” to those who would like to live in a more stable and just society and economy.

Nowherebeach

We are on the Titanic, and the iceberg is dead ahead. There isn’t a darn thing anybody can do now but prepare for the sinking. Expect most paper (artificial) wealth to be slashed in value. Only tangible wealth such as gold, silver, real estate, tools, and the like will survive the collapse.

This financial calamity we face now makes me think of an old farm I once visited in Virginia. It had been in the same family for 170 years. The farm survived wars, financial panics, failed currencies, several recessions, two depressions, and other disasters. Through it all the farm kept the many generations of the family well fed and healthy.

The lesson: know the difference between wealth and money.

Sharonsj

There is no great conspiracy. It’s not the fault of the godless left. I’d blame the Republicans (and some Democrats) who think that big business can do no wrong and that businesses should be left alone to do whatever they want.

So for the last thirty years Congress has deregulated major industries (like the banks). They don’t enforce laws about monopolies, war profiteering, consumer and worker protections. They let lobbyists write our laws and hire turncoats to run government agencies (so that the fox guards the hen house). And then they give tax breaks to the rich, thinking that somehow the money will “trickle down” to the rest of us.

And while you are squabbling about religion, abortion, and gay rights–encouraged mostly by Southern Republicans, by the way–you won’t be paying attention to how they are stealing from you. I might add that they scream about balancing the budget and want to cut social benefits to old people, the disabled, and widows and orphans. But they will never cut the defense budget because too many of them are getting rich from it.

http://thepurpleroomstudios.webs.com Bill Bilderger

infowars.com

Hammer

Buy gold or and silver money will be no good.Make sure to live in a area where you have water and the same race as yours.Their might be bad comming down the road,If their is be ready if not your oaky.

http://alternativeinvestmentnetwork.com AIN

Great post. The so called “jobless recovery” is a complete myth. I wish more people would realize that a major depression must happen before this can turn around

http://none Gladiator

Hi Hammer, what makes you think that a hungy sucker is going to look at your skin colour before he or she takes a bite?

http://none Gladiator

Russell D. Longcore, secede to what, where to China?
Strength in unity pal, when you are facing gross adversity.

Larry

As a registered republican, I cannot blame all of this on one party. Both parties contributed to this and we continued voting for so called fiscal conservatives on the grounds of morality on social issues. I for one will no longer vote for someone while holding my nose (i.e. John McCain). If they don’t totally believe in what I believe in, I will write myself in. Not that I think this will change anything, but I will not have contributed to the demise of my children.

As for defense spending, this republican is all for pulling out of these countries around the world, where we are with no cause other than nation building.

Becky A

If you run the businesses OUT of business, who do you think will be paying the taxes? It’s certainly not going to be government, because they subsist on taxes. It’s not the banks getting rich off of people that have caused so many to end up defaulting on mortgages. #1, the banks should have NEVER been forced to make home loans to people who could not afford them. #2,the “stimulus” has got to be funded by someone, and it’s US. And in case you want to cut the defense budget, let’s just let all the terrorists and America haters (and there’s plenty of them) in to kill us all. Then we won’t have to worry about a budget or the economy.

kathy

Jon, the point of my post was that God has given us reason to go along with that faith, and that those who are now running around pretending to be John the Baptizer are perhaps the same persons who failed to exercise reason in managing their economic lives–contributing to our current economic crisis. It would be interesting to determine how many of these kooks bought a house with less than 20% down, had mortgage/tax payments exceeding 28% of income, or otherwise greedily and foolishly lived above their means. This was an article about economic realities which you do not address. Last time I checked, greed was a sin, judgment of some sort was the natural consequence of that sin, and it still takes a belief in a higher power to understand that. What it does not take is the hubris and ignorance to believe that any guy off the street who claims to be a Christian has the right to scare people by turning an economic crisis into the end of the world.

RC Karrh Jr.

First of all, the problem was caused by us: not the politicians. We would all like to blame each and every politicians for all the problems of government, but the problems truly rest in our hands because of lack of over sight and the basic belief that our government is working for us. But we now know that our government is not trustworthy, nor does it work for our behalf. It works for the employees and elected officials only. For Example, employees of the Department of Interior are 90% x-military or children of some other government branch with less than 10% new blood. How can things actually change? Please remember I’m not picking on any single government agency. It just means that If are going to replace elected officials then we should also replace the bureaucrats that support them too.

As for Southern Republicans, I think your really harking back to the hatred for the south and more than likely that supposed dishonesty can also be found in Vermont, Washington, and Michigan too. The south has always been the north’s whipping boy since the Civil War. It has been brainwashed into our minds since about 1900, and propagandized by every Ivey League School Teacher since 1865.

An you know what, all this list did was to publish the truth about is happening to our country.

kathy

Sharonsj–your claim may be a more humanist, liberal point of view, but it is still an amusing conspiracy theory blaming Southern Republicans and big business for stealing from widows and orphans. Well, maybe you are half correct. If sj means Jesuit, I expected better.

http://www.wealthmoney.org Thomas Hedin

And this could all be fixed tomorrow if the people would just learn how to make their monetary system work for the benifit of the people.

These comments from all of these “christians” is really starting to bother me.I grew up Catholic and attended Catholic school up until college and I can’t believe the weakness of people. You go to church and bow and kneel and sing and chant to gain a feeling of salvation from a God that has been manufactured to keep the weak in line. I am not saying that I don’t believe in something more than man, but I am not going to believe a book written by undocumented authors that was rammed down my throat my whole childhood. You do not need a church to pray in and a book to tell you what to do. Have faith in yourself and make the right decisions, because I believe (for the most part) that we all know right from wrong. Or you can bury your head in the sand and hope God will save you while the rest of us try and fix this world, the choice is yours, I choose to try and help.

That being said I hate that this has yet again turned into another argument for Christians to rant about fire and damnation and salvation, this is a human-related economic disaster. We have all let this happen. By not standing up and fighting the banks and the government we have allowed a ruling class to emerge with the money to buy countries and control their currency. We have given all of our good manufacturing jobs away to foreign countries in the name of short-term profits. We have allowed our rights to be trampled and our personal freedoms to be taken away. We have all become scared of our governments and destroyed communities where people actually used to interact with each other. I’m not sure where the rest of you stand but I am not in the 1% of the wealthy. We as the poor and middle class need to educate ourselves and our families about what is being done to our economy and prepare for what is inevitable, the collapse of our economy. Debt has been the tool of the bankers to threaten us and keep us working meaningless jobs just to pay the bills and loans.

The bible was right about one thing ” Money is the route of all evil”

WE must make a stand and stop thinking that we can do nothing because that is exactly what they want, a subdued society not willing to fight.

http://none Minda Caldwell

We should get out of ALL the countries where we have a military presence. We should also stop all foreign aid. The only ones who should be allowed to go abroad should be the MISSIONARIES. they are the only ones who give the money directly to the people who need it.

Sharon

After having read the 50 statistics re the Americn economy, I find it quite scarry as well as an eye opener but in actuality not a surprise. The gap between the have’s and have nots has grown totally out of proportion almost to the point of the middle class becoming non-existent. The middle class have been the major core in making the U.S. a strong country and with it’s impending demise, so goes the America as we have known it to be. The big money people (1%) are now totally controlling the world and have created the economic problems because of their greed–“hooray for me and screw you” mentality. They have brought down the middle class by closing U.S. factories and business and sending them to foreign third world countries where labor is cheap and their profits soured sky-high. The Middle class have lost jobs, and decent paying jobs, and so many are vying for so few jobs both decent paying and menial. We are at the point where the MC without jobs are losing their homes, vehicles; can’t afford to eat and god forbid…should they become ill–without any health insurance. This is where the Wealthy who rule government want the Middle Class folks to be. Scratching the dirt for survival and having no time to try to fight the Wealthy/Government and ergo having totally no say in what the Government should be doing for us. “God bless America”–and if at any time we needed God to Bless American–the time is now!! And we the Middle Class must give it our all to survive for our children and the future of the United States.

Dave

Larry,

This lifelong liberal will write you in as well!

http://survivalrealestate.com T.J. Jackson

This a real eye opener. The most interesting part is the high percentage of people that are completely clueless. When times get rough, only the prepared will survive. The future belongs to the prepared, check out survivalrealestate.com!

Greg

Drew – you drew the wrong conclusions about God and the Bible. If you will look at American history you will see that there have been two forces at work and you will also see that there has been a plan to bring us to our current condition. Be willing to consider the spiritual aspect of things even though you are bitter at God and misquote the Bible. While I would like to see all readers repent and be saved through belief in the Lord Jesus Christ, I also want people to understand what is behind all of these events, even if you have no intention of accepting the gift of salvation. There are a lot of people who think they are macho or super-patriots or at a higher level of understanding when they mock Christians and belief in God, then make a statement along the lines of “you can bury your head in the sand and hope God will save you while the rest of us try and fix this world, the choice is yours, I choose to try and help”. Your attempts are appreciated, but if you rule out the consideration of the spiritual aspect behind world events you will be ineffective in those attempts. It will be akin to our insanity in Iraq and Afghanistan – IF there really were cave dwellers who figured out how to pull off an engineering impossibility and get two planes to bring down three buildings designed to withstand two planes per building, how are we safer in this nation to spend well over a $trillion to murder millions of civilians in those countries, take every freedom away from our citizens and at the same time leave our borders wide open? Similarly, your efforts will be in vain because you will be fighting against a symptom rather than a cause if you remain unwilling to look at the beliefs that are driving those who are destroying our economy.

Regardless of whether we can turn things around or not, I want people to understand what is going on and why these things are happening. The consequences of laws and actions on the part of our government and those who have the power to impact our lives have not been random and we are fools if we think those who are bringing this nation down do not know what they are doing. We are not the only ones smart enough to know that spending $5 billion more each day than we are bringing in through taxes will result in our demise, yet they have no intention of changing it. Every person who has balanced a checkbook knows that we can’t remain economically viable with troops in almost every country around the world. Any idiot can understand that investors will develop industry in China when we eliminate common sense trade protection, pay our people significantly more, and place horrendous tax, environmental and other burdens on our industry that destroy the ability to make a profit. Any farmer who has made it past kindergarten can tell you that locking up our farmland with environmental laws and providing incentives for farmers to not farm or to shut down will lead to a food shortage. Any person with an IQ above moron status can tell you that forcing hospitals and insurance companies (these are “businesses”) to provide care for every illegal invader, dope addict and general populace who stumbles into the emergency room without compensation is going to lead to a crisis in our healthcare system. Any imbecile can tell you that forcing banks to give half million dollar mortgages to persons making $50K per year will result in disaster.

So, brilliant problem solvers who are going to “fix this world”, why do YOU understand these simple realities yet no one in government seems to understand them? Could it be that they DO understand it and that YOU don’t understand why they are doing these stupid things anyway? Do you REALLY think that you are going to educate them and that they will thank you for giving them insight and then suddenly change? There is a reason they are doing these things and that reason is based on things being driven spiritually. So whether you believe in the spiritual aspect or not, the people who can make things happen and could care less how you want to “fix this world” do believe it. As long as you puff yourselves up with the arrogant pride of denial of the spiritual side, you will be fixing nothing and will remain in ignorant frustration…exactly where those who are in control want you!

Delmar Jackosn

you forgot a statistic.
in the last 12 months, in the midst of massive unemplyment of American citizens, our Government handed out over one million work visas to foreign workers.
Companies claim they need these workers as they are the best and brightest, in fact, they are not the best and brightest,they are the younger and cheaper and they are gutting the pool of few middle class jobs left for AMERICANS.

Immigration is a tax on the working poor here now! We need an immigration moratorium and need to throw out the open border officials and jail those employers that pocket the profits from immigration and pass the social costs onto the communities.

DaveR

Sharonsj, your comment shows your lack of understanding. You say you blame the Republicans and then cite that over the past 30 years things have been done to cause this problem. First, the Democrats controlled Congress the majority of the years during the past 3 decades. Second, before you get too defensive because you think I’m attacking your liberal belief system, I abandoned both parties 15 years ago because they are BOTH at fault. And yet, it really is the voters’ fault for not holding them accountable. We have no one to blame but ourselves for this mess. And now we are in so deep there is no solution. Contrary to what people might say, the debt of this country can never be repaid. If we were to pay $10 million a day towards our national debt it would take 2700 years to pay it off, and that’s assuming everything stays the same as it is now and things like interest rates don’t change, which they will. We have left a mess for ALL future generations that cannot be paid. The future is not bright for our children or our nation. We can only hope we can turn things around enough to make the payments to stay ahead of a collapse (which is highly unlikely). It’s like someone who gets themselves in debt beyond what can ever be paid off and tries to stay ahead of the minimum loan payments. Eventually it will eat them up.

My advice to you is to quit blaming one party and accept that they are all at fault. Then teach your children to survive on their own and work in trades that will always be needed. Our country will return to a lifestyle of similarity to that before the industrial revolution. People better be able to provide for themselves because there won’t be the same society we see today.

http://digipark.com John Powell

Drew,

Yes, the Bible was right but money isn’t the problem… it’s the LOVE of it. 1 Tim 6:10

Joe CItizen

This mess we are in is is why Congress was never revered or trusted at the onset of our country. THey should be less so now.

pete

@drew…you believe that “everyone knows right from wrong” because of what you were taught growing up. Shame that you are too blind to see it. Try getting out of the country. You’ll find that, no, “everyone” does not “know right from wrong”. It’d be nice, but it is not the case. People have done terrible things in the name of religion. People have done terrible things in the name of a lot of different ideas. The simple truth is …Christianity has done more to advance the human condition than any other belief system. So, if you are a believer, great….if not, then pick the “lesser of evils”

Ushara

It’s too bad that the American people could not make their politicians realize that they work for them. The government needs to run the budget of a country like we all have to run our households budgets – ie – you can’t spend what you don’t have. Credit cards are for emergencies only and paid off asap.

If the people had demanded that of the government, this whole thing wouldn’t be an issue. Where Obama is getting all this debt from just stuns me. There truly is no way he can “get away” with this. The US WILL PAY big time before too long.

kitkatldj

Honestly at this point it does not matter whom is to blame for our growing problems, we really need to unite and find a way to stop the train we are on from crashing. It is a global problem, not just us and we need to learn from the recent activities around the globe quickly so we do not repeat these mistakes.

Brain

Where do I start?

DON: Let me put it to you a bit simpler. All men and women must be wholly responsible for their actions. Taking away our responsibility at the hands of the Devil is ridiculous and irresponsible, and contributes to us (mankind) taking less accountability for our actions and understanding less about what or who created our current problems. Your statement “unanticipated by God” is purely opposite of what the bible teaches anyway. Just another religious person contradicting themselves. Don’t worry, it happens all the time.

TOM: I don’t hate Christians or any other people of faith. I do however think some of their views are skewed from reality because of their particular beliefs. We ARE responsible for our situation, and WE are the only ones who can attempt to fix it. FACT. I also believe lack of morality in big business is at the heart of the problem. Though I am not religious, (meaning I do not follow a particular religion, but do realize the possibility of a higher power or intelligence.) I do support the morally sound teachings of most religions and would defend your right to practice religion as you see fit. But, lets call a spade a spade, not the Devil.

RACHAEL: Religions of the world actually fascinate me, I love to learn about them. Talking to many religious people in life usually shows me how much people don’t know about the religions they believe in. I assure you you are wrong about my religious knowledge. I was partly reacting to Greg’s post about the Devil causing our present situation. Everything I wrote like “if you don’t have the money for something you want, you can’t afford it!”, and my comments on campaign contributions, and to get involved in the solution yourselves, were relevant to the article as a matter of fact, nice try.

STRIKEN:
DAVE:
NOAH: You all got it. Well put. Whew!

BARNEY: Thanks for the completely worthless post. I was trying to show that Greg and people like him are only part of us not fixing the problem. Because they displace the blame from us (mankind) to something that may not exist (Devil). We are accountable. I treated Greg that way because we can no longer play blame games, it’s time for us to get real. It was tough love. You seem very ignorant and unintelligent. You also sound like a Sarah Palin supporter. By the way everyone – I am an Independent Constitutionalist – wrong again dummies.

GREG: Who hates God? Not me, I just would rather stay on the ground here on Earth, and see our problems for what they really are, OUR fault. Believing in the existence of God is one thing, thinking it can solve our problems is quite another.

ANN: Stop yelling please, thanks.

NewReality

Here here kitkatldj! We are like the passengers on the Titanic arguing over who/what/why the ship hit an iceberg….all while the ship continues to sink, and the band (government) plays on. Wouldn’t our energies be better spent in looking for viable, productive solutions to this mess than attacking the who/what/why of what got us here? Honestly, think about it…..does it really even matter any more? Let us, as Americans, do this: Keep the “Main Thing” the main thing and figure out how to get us out of this debacle.

DeeLee

Greg, your post is the first and only one that has made much sense, thank you.

Jimmy

Well a quick deko of the posts only highlights the fact that u americans are blind….blinded by faith, by religion, by colour and most importantly by GREED ! It is ur exorbitant lifestyles and the greed to fund it by hook or crook that will bring ur downfall. If u were really religious and followed what Christ said then u would have not turned a blind eye to the things perperated by the GREAT UNITES STATES on the rest of the world…nor the DOUBLE STANDARDS that the “FREE” people of US abide by…$ 20 Bn from BP for an oil spill which didnot cost as single human life…. but $ 450 million for the 20,000 Indians who were killed by the Union Carbide / Dow Chemicals. Such bigotry will be ur ultimate downfall…

Ryan Fortin

HAha be aware the awakening IS upon us!!!! The day of recognition is closer than you all think. The world will turn for the better but that also means a massive eradication of humanity in general. Don’t worry the only pain will be of eternal regret. Regret for not taking action. Regret for KNOWING yet doing nothing but succumbing to the economy machine. Imagine this if you will, one E.M.P., or radical sun flare would successfully knock out our power grids. Do you think you have what it takes to survive after that? The general consensus is that it will take about four months to rebuild and repair the damaged grid. The first four days 90 percent of your normal rations are deteriorated due to spoilage as you will have no fridge. but hell you can survive a month with no food easy, but you can only survive Three days with no water. With no electricity cleaning YOUR water for you where do you find clean water. If you have a well at your house how do you get it without power. Most pond, and mountain water contains leptospirosis, ammonia, nitrites, and is nowhere near biologically sanitary for anybody to drink. You could always stockpile before this happens, but where are you going to do that? Your house? Do you have neighbors cause I bet they would be looking for food and water to feed their families right now as well. Guess what if I’m your neighbor My family is worth killing for!!! Worth dying for!!! We call it “The Golden Horde” originated with the idea of the “great” state of California not being able to sustain itself. Places of massive population will be in frenzy. Robbing, killing, raping (why not) and annihilating everything in its path trying to survive. eventually this WILL wear down as there will be nothing left to TAKE. The Only Survivors would be those who we say live in a Third World Country. People that have a better grasp on the hard work it takes to survive. People that have already had this happen to ie: Rome, Italy, Iraq, Peru, Swahili, and much more. They were all destroyed by their LUST GREED AND INHERENT LAZINESS!!! We Should not live as if we were OWED this Great Planet. WE let this happen!!! Our so called NEED for oil, energy, less work, more pay, all the while being sedated by television PROGRAMMING has led us down an oblivious path of subsurvient bliss. The pattern is there ready, and aching to be seen. The realization itself may lead to demise. Are WE strong enough to STOP this. NO!!! We have grown much to dependent on this way of life to turn back now. Their are options though we can strive to overthrow and reject the idea on a wide scale or you can start learning to cure the meat you hunt while your crying in the forest for your Ipod.

Leo Taxil

“since the birth of Christ”
How can anybody trust your “facts”, if you still believe in this Jewish ****?

http://www.urbansurvivalskils.com Urban Man

We see it coming too…the economic collapse. Want to scare or push someone who know into getting on board? Go view the two economic collapse scenario videos on my site, http://www.urbansurvivalskills.com
also a series on a pandemic possibility, called “After Armageddon”, if more people prepare maybe picking up the pieces afterward and starting over will be a possibility.

John D

All I have to say is that sit back and watch God’s Word come to light and be ready for His return soon because He is coming back soon!

The Kings Jester

On Politics and religion looks like everybody has something to say. As for politics I don’t understand, and religion is pretty much dead. And as for the ecomomy it all seems so complicated. But I know I can’t keep writing checks if I do not have any money unless ofcourse I print my own money. But I am not surprised at all these events. I think I remember reading somewhere about a horse of a different color with the rider holding a pare of scales in his hand. A days wages for a piece of bread. Better get ready people it is gonna get worse. So if you wanna make a change start with yourself. Repent everyone of you and be Baptized in the name of Jesus Christ for the remission of your sins and be filled with the Holy Ghost. God Bless everyone

Fontaine

It wasn’t “DE-regulation”, it is “RE-regulation”. Its not as if the State didnt take a “hands off” laizze faire approach to the economy, lol, quite the contrary. Congress colluded with the Fed to inflate the money supply, expand credit, which creates “inflation”. Its what caused the “great depression”, and our soon to come “greater depression”.

Godfrey

The war against economic reality is over… we lost.

Based on some of the comments, some are still in denial. They must be the fanatical believers; those that cling desperately to their religious faith in The State despite the obvious. They are the Jim Jones Kool-Aid drinkers.

Frank Battaglia

We need to get government out of our lives – plain and simple – let the free market reign and entrepreneurship will flourish- there is nothing like competition to spur growth – the “too big to fail” mentality is unAmerican – we Americans won a hard fought battle to bust the trusts but they are back again bigger than ever – Ron Paul is spot on – lets get rid of the Fed as we do not need a private institution making money off of the American taxpayer and while we are at it lets scarp the Senate and the CIA – but burying the Fed would go a long way in righting the ship- as it is – it is highly unlikely although the audit the Sessions bot thru the Senate may start the process

God Bless us all especially the too big to fail because they have already failed in so many ways –

John

Most people spend their lives voting Democrat, Republican or not at all. In this way, they never vote for Liberty and are the cause of our nations destruction.

From my generation to my parents; thanks a F@#$%$g lot!

http://bastiat.org BastiatsGhost

Clearly these circumstances are the fault of the free market. This is pure capitalistic evil. Everyone should be equal!

There is one upside to socialism: we can all starve to death like the idiotic savages we truly are, and the world will be free from American imperialism once and for all.

I have a question that never gets answered: Since all this is true, WHY does our government keep right on spending like there’s no tomorrow, huh? Anyone can see that the overwhelming need screaming at us is to exercise restraint, get control and stop this fiscal insanity, but on and on they go like Thelma and Louise right over the cliff. Why? How could a nation of 300 million just stand by and let this be done to itself? Does it have a death wish? It makes no sense! The problem and the solution are right there before our eyes, and no entity lifts a finger to start putting out the fire. I guess we are all cowards, you think?

Frank Wolf

David-

“It’s ironical that when all of us humans are gone, the environment and [SOME OF] the other animals (and plants) will thrive.”

Yes and No, watch “Life After People.” We’ll leave our mark with flair after the generators run out of diesel, and ‘nature’ is nasty business…

Larry

can we just call them spendemocrats????

ontoiran

Ron Paul in 2012!!! WOOOHOOOO

Edwardian

Both parties are filled with Keynsian Economics disciples – who believe you can spend more money than you bring in – or at least that sometimes you have to run up huge debts for the “public good”. Obama may the greatest spender of all time. Despite the rhetoric they spout, even republicans like Reagan and George W generated staggering sums of new debt in the name of defending America. Austrian Economists like Peter Schiff and Ron/Rand Paul believe if you are broke, you are broke. If you don’t have the funds you can’t spend a billion dollars a month fighting the Soviet Union or the Iraqis. No matter the hype. Broke is broke. Just issuing new treasuries to creditor nations like China doesn’t generate new wealth. It is deficit spending no matter the spin. At least Bush 1 and Clinton paid lip service to balanced budget amendments. In fact Clinton was a passable fiscal conservative, although he was only able to balance the budget by moving into ever lower interest rates during the tech boom. Lastly, if you took out huge home equity loans to buy granite countertops, stainless steel appliances and plasma TVs, only to default on your loans now, YOU are also guilty.

Annemarie

Good grief, Drew, check out your Bible, if you have one. The quote is “The LOVE of money is the root of all evil”, it’s not money itself, and it’s not “route”. Honestly, if you quote something please make sure you’re quoting properly.

STEVE SEATER

Americans must insist on balanced budgets and spending within our means. The current administration of Barack Obama must be jettisoned as quickly as possible before this man does irreparable damage to our economy.

Michael Maier

Wake up. It’s not “deregulation” when the government dictates terms to the banks and then guarantees them against losses. A “deregulated” banking industry would be fully bankrupt by now. And we’d be far better off in the long-term.

BTW: Clinton was not a deficit hawk. Those with functioning memories remember him being dragged to the table kicking and screaming like a queen.

Clementine

All I have to say is….SHUT UP about religion. Really. People, even Christians, have been suffering all over the world for millenia. Now it’s our turn. If there is a God, I doubt it has nationalistic leanings.

Those of you who live by faith, feel free to pray while the rest of us actually do something productive to make the situation bearable.

marat

Soon your country is split into 50 small countries.

marat

Article about the economy is weakening USA, where does religion in general?

Jim Vaughan

The Dems keep making even more promises that eventually the government can not keep. When they go completely broke. All promises are null and void. Let’s speed thing up! Get it over with! I’m ready for them to go broke so we can all start over again.

http://withglee.com Todd Marshall

And all these numbers are this way because of mismanagement of the medium of exchange. The relation governing management of any medium of exchange is:

DEFAULT = INTEREST + INFLATION

The managers have no clue. The proof is “they can’t tell you the level of DEFAULT.” They wet their finger and put it in the air to test INFLATION. They fiddle with INTEREST rates. Economy too hot … jack interest and it collapses. Economy too cool, slash interest and create a bubble.

On first inspection it would appear the medium managers are just plain dumb. Yeh … dumb like foxes. They are purposely mismanaging the medium with advance knowledge of the mistakes they will make. This allows them to dump just before they burst the bubble and buy up just before they start a new bubble.

This is fixable. 1) Throw out the current managers. 2) Strictly monitor DEFAULTs and mop them up with INTEREST collections so INFLATION is held at zero. 3) Treat all government debt like what it is: DEFAULT. Governments never collect enough taxes to pay their expenses. 4) Get rid of the privately owned central bank and avoid the interest they collect. 5) Extend credit (i.e. back promises to complete trades) freely according to the responsibility of the borrower (i.e. propensity to default).

This will eliminate inflation and the business cycle. It will precisely set the “money” in circulation (i.e. promises to complete trades) exactly equal to the demand (i.e. desire to trade).

And the downside … downside for the current culprits that is? It puts an end to bankers’ manipulation of the economy.

Todd Marshall
Plantersville, TX

mr. e

The democrats are baaaad, oh but the republicans are ok.. Wait, now the republicans are bad, so the democrats must me ok.. WAKE UP! Its the eternal ping pong game, and most americans buy it. There is no point to it, right, left, democrats, republicans, we are all AMERICANS, and as long as they keep finding ways to categorize us and separate us, they will be in control while we duke it out amongst ourselves, fighting over our differences instead of uniting. Religion has nothing to do with anything, literally, praying = hoping, and hoping doesnt do a damn thing when it comes to resolving real world, rational, logical issues. If youre a religious person, good for you, nobody goes around all day talking about how good atheism is and how you should convert and stop believing, so respect the rest of the world, YOU practice your religion YOURSELF, dont BOTHER people trying to make your point over everyone elses.
The country is going down and we still find it easier to turn on the tv and watch some BS and lay back rather than take action, because if the guy next to me isnt doing anything, that means theres nothing going on and nothing to do.. WAKE UP

http://. Mystery

That was mean, unfortunately many people value “religion” and “praying” as you so disrespectfully referred to both not because they are fools, but because these MANY people know in their hearts that the essence is real and it is worth honoring with love and dedication. If you love money and rational solutions over a sense of morality and community then go join the fat cats and slowly become what you hate…a black hole. Otherwise, maybe you could see the good in the world even as evil shows its many ugly faces and provide a more complete solution to ALL of OUR problems.

http://21stcenturyreversepyramid.blogspot.com/ Tommy Tucci

#51 Diverted or Distracted

US IS A PLAGUE ON HUMANITY

tr99

Dem’s or REP’s, when are you fools going to get it? You are simply too stupid for words! The person or persons responsible are all those who can read and write, got it?

CT Maloney

Isn’t it obvious that the resources and environment of this earth cannot support 7 billion, going on 9-10 billion people, at the level of consumption and waste of the US and so-called “developed” countries? We need leadership to revert to simple life. No air conditioning is needed. Gasoline should be $10 a gallon to reduce consumption. Plastic packaging should be severely restricted. Spread-out suburbs must give way to vibrant neighborly communities. Can this great country adjust? We are waiting for leadership.

Murielr

If the two wars cost more than $1billion per month, what would peace cost ?

bro43

Murielr, the establishment’s position in society. Can’t have that now can we?

Phil E. Drifter

“50 very revealing statistics about the U.S. economy:”

“#48) If you went out and spent one dollar every single second, it would take you more than 31,000 years to spend a trillion dollars.

#47) In fact, if you spent one million dollars every single day since the birth of Christ, you still would not have spent one trillion dollars by now.”

These aren’t statistics on the debt. They’re merely for comparison purposes so people can grasp how large a 1 with 12 zeros after it is.

Clementine: I understand what you’re saying, however I can’t pass up the opportunity to let everyone else in on a little secret i know:

THERE IS NO GOD.

GET OVER IT. To believe in fanciful fairy tales about a big bearded man in the sky who watches you every moment of every day and then JUDGES you when you die… (where do you people get off thinking you’re so damn important that someone actually watches everything you do?) is an insult to the BILLIONS of years humans spent evolving.

http://evogeneao.com/images/Evolution_poster_lg.gif
“In 1858, Charles Darwin and Alfred Russel Wallace independently proposed a theory of biological evolution to explain the diversity of life on Earth. Since then the fossil record and DNA studies have added, and continue to add, overwhelming support for this view of life’s history. Evolution today is one of the best documented and widely accepted principles of modern science. Life on Earth has changed dramatically through time. The theory of evolution proposes that through the process of natural selection and other natural events stretching over millions of generations, living things diversify, branching from one species into many. This means that all living things are related to one another through common ancestry with earlier, different life forms. In other words, if you follow your family tree far enough back in time, you will find a common ancestor not only with every other living thing, but with every thing that ever lived.”

floyd

This was not surprising or of much interest to me
maybe its just me but…idk, these statistics were just not “Almost Too Crazy To Believe”

yeah, the economy sucks but the U.S. standard of living is still good. Other than the fact that it’s hard as fuck sometimes to find a job, and my family struggles to pay the bills sometimes…i still am capable to post this comment on this web page.

This article is boring.

JTG

So biased in my opinion. This is truly just personal selfishness taking hold of somebody. He is a good writer getting paid for scaring you. I would like Americans to trust our government body collectively because America is limitless as are it’s people…

That’s why history WON’T repeat itself, as America is a catalyst of innovation. Just as the “true” statistics above, what doesn’t kill us makes us stronger, and I didn’t see one statistic about crime rates being as low as they are.

Look back to when this was written and think your present personal life, and decide wether those statistics are misleading for yourselves……

Anyone smart enough to write a misleading book and selfish enough to market and actually sell it is not someone I would associate with.